Iceotope secures £30m in Series B funding led by ABC Impact
The funding round was led by ABC Impact to accelerate global deployment of the company liquid cooling technology.
Iceotope develops precision immersion cooling technology designed to reduce energy and water consumption in data centres. Its chassis level cooling solutions protect critical IT infrastructure while improving overall operational efficiency.
Iceotope has secured £30m in a Series B funding round led by Singaporean impact private equity firm ABC Impact. The capital will support the company as it accelerates the global deployment of its precision immersion cooling technology for data centres.
The investment syndicate includes nVent, the SDCL Energy Efficiency Income Trust, Northern Gritstone, British Patient Capital, Pavilion Capital, and existing backer Edinv. As part of the arrangement, nVent will also form a strategic alliance with Iceotope to offer integrated modular solutions for edge facilities and high performance computing applications.
From the founder
"This significant investment, one of the largest amounts recently invested in liquid cooling, is a testament to the great work of our designers for our customers across the globe, as well as the many technology and channel partners that have placed their trust in our ability to cool data centre servers more efficiently in a vertical rack form factor. Given the global importance of the data centre sector, which can only increase as edge facilities proliferate and extend to the far reaches of civilization, we look forward to accelerating our global deployment plan with the help of our new and existing investment partners."
David Craig
CEO at Iceotope
Investor perspective
"I’m excited to deepen our relationship with Iceotope. Together we’ve created sustainable, innovative cooling solutions that efficiently solve for heat and avoid downtime in data centres. Moving forward, we have the opportunity to build on our success and drive the next phase of precision immersion cooling solutions in an exciting and growing space."
Joe Ruzynski
nVent President of Enclosures, nVent
Investors
ABC Impact
Joe Ruzynski
nVent
SDCL Energy Efficiency Income Trust
Northern Gritstone
British Patient Capital
Pavilion Capital
Edinv
Categories
About the company
Iceotope
Iceotope provides precision immersion cooling technology for data centres.